REDDE PLC: Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                   


                     
                                                                                


                 
1. Identity of the issuer or the underlying                     Redde plc        
                 
issuer                                                                           
                 
of existing shares to which voting rights are                                    
                 
attached:                                                                        


                     
                                                                                


                 
2. Reason for the notification (please tick the appropriate box or boxes):       


                      
                                                                                


                 
An acquisition or disposal of voting rights                                      


                     
                                                                                


                 
An acquisition or disposal of qualifying financial instruments which may result  
                 
in the acquisition of shares already issued to which voting rights are attached  


                     
                                                                                


                 
An acquisition or disposal of instruments with similar economic effect to        
                 
qualifying financial instruments                                                 


                     
                                                                                


                 
An event changing the breakdown of voting rights                                 


                     
                                                                                


                 
Other (please    CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE                  
         x       
specify):                                                                        


                     
                                                                                


                 
3. Full name of person(s) subject to the          Aviva plc & its subsidiaries   
                 
notification obligation:                                                         


                     
                                                                                


                 
4. Full name of shareholder(s)           Registered Holder:                      
                 
(if different from 3.):                                                          
                  
                                     BNY Norwich Union Nominees Limited 
4,712,707*                


                                                                                
                     


                                     Chase (GA Group) Nominees Limited 
40,643,218*                


                                                                                
                     
                                         Vidacos Nominees Limited 300,000*      
                     
                                                                                
                     
                                         *denotes direct interest               
                     
                                                                                
                     
                                         BNY (Nominees) Limited 320,579         
                     
                                                                                
                     
                                         Chase Nominees Limited 1,512,397       
                     
                                                                                


                 
5. Date of the transaction and date on                   04 August 2014          
                 
which the threshold is crossed or                                                
                 
reached:                                                                         


                     
                                                                                


                 
6. Date on which issuer notified:                        05 August 2014          


                     
                                                                                


                 
7. Threshold(s) that is/are crossed or    17% to 16% Change at Combined 
Interest Level               
reached:                                                                         


                     
                                                                                    


              
8. Notified details:                                                             


                     
                                                                                


                 
A: Voting rights attached to shares                                              


                     
                                                                                


                 
Class/type   Situation previous     Resulting situation after the triggering     
                 
of           to the triggering      transaction                                  
                 
shares       transaction                                                         


                     
                                                                                
                     
                                                                                


                 
if possible  Number of  Number of   Number         Number of voting         % 
of voting              
using        Shares     Voting      of shares      rights                   
rights                   
the ISIN                Rights                                                   
                 
CODE                                                                             
                  
                                  Direct         Direct       Indirect   
Direct     Indirect      


                                                                                
                     
                                                                                


                 
Ordinary     47,488,901 47,488,901  47,488,901     45,655,925     1,832,976 
16.24%      0.65%        
Shares of                                                                        
                 
GBP 0.001                                                                        


                     
                                                                                


                 
GB00BLWF0R63                                                                     


                     
     
                                                                                


            
B: Qualifying Financial Instruments                                              


                     
                                                                                


                 
Resulting situation after the triggering transaction                             


                     
                                                                                


                 
Type of financial  Expiration Exercise/                     Number of voting     
  % of voting      
instrument                  Conversion Period             rights that may be     


    rights           
                   date                                   acquired if the       
                     
                                                          instrument is         
                     
                                                          exercised/ converted. 
                     
    
                                                                                


             
C: Financial Instruments with similar economic effect to Qualifying Financial    
                 
Instruments                                                                      


                     
                                                                                


                 
Resulting situation after the triggering transaction                             


                     
                                                                                


                  
Type of     Exercise Expiration   Exercise/       Number of voting rights     
% of voting         
  financial     price    date     Conversion       instrument refers to          
rights           
  instrument                        period                                       


                     
                                                                                
                     


                                                                            
Nominal      Delta    


      
                                                                                


           
Total (A+B+C)                                                                    


                     
                                                                                
                     
          Number of voting rights                  Percentage of voting rights  
                   
                                                                                
                     
                47,488,901                                   16.89%             
                                     



9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:                     


                                                                           
The voting rights are managed and controlled by Aviva Investors Global Services
Limited, with the following chain of controlled undertakings:-                  
                                                                           
Aviva Investors Global Services Limited:                                        
                                                                           
  * Aviva plc (Parent Company)                                                  
                                                                           
  * Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)         
                                                                           
  * Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group    
Holdings Limited)                                                           
                                                                           
  * Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva   


    Investors Holdings Limited)                                                
        


                                                                   
Proxy Voting:                                                                   
                                                                           
10. Name of the proxy holder:                                                   
                                                                           
11. Number of voting rights proxy holder will                                  
cease                                                                          
to hold:                                                                        
                                                                           
12. Date on which proxy holder will cease to hold                              
voting rights:                                                                  
                                                                           
13. Additional information:            Figures are based on a total number of   


                                       voting rights of 281,089,600, as per the
                                       Company's Issue of Deferred             
                                       Consideration Shares Announcement of 31 
                                       July 2014                               


                                                                           
14. Contact name:                      N Tilley                                 
                                                                           
15. Contact telephone number:          01225 321207                             
END 
-0- Aug/06/2014 08:33 GMT
 
 
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